Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1021 Crescent St Sarasota, FL 34242

    Sponsored
    For Sale
    $1,795,000

    Multi-Family 5+ - SARASOTA, FL

    Property size:
    2,780 SF
    Lot size:
    0.69 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 11 at 3:06 pm

    Property Features for 1021 Crescent St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security System, Smoke Detector(s)
    Zoning
    RMF1
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    0108176001
    Parking features
    Driveway, Garage, Garage - Attached, Golf Cart, Off Street, Oversized, Underground/Basement
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Accessibility Features, Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-in Closet(s), Window Treatments
    Exterior features
    Level, Paved, Balcony, Garden, Lighting, Outdoor Grill, Outdoor Kitchen, Private Entrance, Sliding Doors
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    2,780 SF
    Lot size
    0.69 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2015
    Number of units
    5
    Building materials
    Block, Concrete, Stucco
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Outdoor Kitchen

    We can help!

    Listing Contact
    Zain Hartman

    Hartman Real Estate & Company (941) 735-6415

    Listing agent Zain Hartman (941) 735-6415 License #3410066

    Listing date Feb 9, 2026

    MLS# A4681826 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Siesta Key Coastal Condo

    Located in Sarasota, Florida, this coastal contemporary condo offers a blend of luxury and convenience with direct access to Siesta Key Beach and Crescent Beach. The property is zoned for short-term, weekly rentals and has a strong rental history, presenting an opportunity for personal enjoyment and investment income. The residence is part of a boutique enclave of five units, offering privacy. The unit encompasses an entire floor, sharing no walls with other units. It features five private patios, a built-in outdoor grill, tall ceilings and windows, and plantation shutters. The layout provides an open flow between living, dining, and kitchen spaces, with custom cabinetry and upscale finishes. The primary suite offers a private retreat. A private elevator provides direct access from an oversized ground-level garage, which accommodates three vehicles plus storage, along with a private driveway for guest parking. Shared amenities include a pool, private owner's clubhouse, and common area used by only five residences. The property offers walkable access to beachside boutiques, island restaurants, and boat rentals, plus quick and easy access on and off the island. The property has potential for over $150,000 gross income and the possibility to earn over $120,000 in investment income. The property size is 2,780 square feet and the lot size is 0.69 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.533125
    Latitude
    27.24653

    Nearby Similar for Sale

    • $3,800,000
      8,165 SF

      Downtown Sarasota Mixed-Use Building

      Three-story mixed-use building in downtown Sarasota with penthouse residence.
      1345 2Nd St, Sarasota, FL 34236
      View Details
    • $6,249,000
      7,934 SF

      Equestrian Estate on 20 Acres

      Sarasota equestrian estate with barns, multiple residences, and equestrian facilities.
      8200 Ibis St, Sarasota, FL 34241
      View Details
    • $1,600,000
      2,832 SF

      Downtown Sarasota Multifamily Investment

      Five-unit multifamily building in high-demand Downtown Sarasota Perimeter.
      1236 13Th St, Sarasota, FL 34236
      View Details
    • $1,525,000
      Pending

      Siesta Key Income Property

      Rare duplex zoned for daily rentals near Siesta Key Beach.
      1123 Crescent St, Sarasota, FL 34242
      View Details
    • New
      $450,000
      1,773 SF

      Kensington Park Sarasota Triplex

      Rare triplex in Sarasota with outdoor amenities and upgrades.
      3675 Prudence Dr, Sarasota, FL 34235
      View Details
    • $2,995,000
      3,467 SF

      Siesta Key Boutique Hospitality Investment

      Five-unit property near Siesta Beach, a top-rated coastal destination.
      6905 Point Of Rocks Rd, Sarasota, FL 34242
      View Details
    • $1,790,000
      3,249 SF

      Sarasota Triplex Near Siesta Key

      Fully furnished triplex near Siesta Key with pool and courtyard.
      2069 Bougainvillea St, Sarasota, FL 34239
      View Details
    • $799,000
      1,628 SF

      Remodeled Duplex Near Siesta Key

      Sarasota duplex with income potential, near Siesta Key Beach.
      2237 Michele Dr, Sarasota, FL 34231
      View Details
    • $3,075,000
      1,998 SF

      Renovated Duplex in Siesta Key

      Income-generating duplex with nightly rental exemption and development potential.
      5228 Calle Menorca, Sarasota, FL 34242
      View Details
    • $825,000
      2,118 SF

      Updated Duplex in Sarasota, FL

      Updated duplex with income potential near Siesta Key Beach.
      2227 Montclair Dr, Sarasota, FL 34231
      View Details
    • $450,000
      9,882 SF

      Profitable Coastal Rental Business Opportunity

      Turnkey coastal rental business with immediate cash flow and growth potential.
      2239 15Th St, Sarasota, FL 34237
      View Details
    • New
      $5,499,000
      0.37 Acres

      Siesta Key Bayfront Land

      Exceptional bayfront property with breathtaking views and premier boating access.
      843 Norsota Way, Sarasota, FL 34242
      View Details

    FAQs

    What type of property is this?
    Apartment building - Luxury condo with rental potential near Siesta Key Beach.
    Where is this apartment building located?
    The property is located at 1021 Crescent St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Potential for $150k+ gross income with zoning for weekly rentals and strong historical booking.; - Direct access to Siesta Key Beach and Crescent Beach, renowned for quartz-crystal sand and turquoise waters.; - Exclusive boutique enclave of only five residences, offering privacy and a single-family home feel.
    (941) 735-6415
    Request Owner's contact information
    1021 Crescent St Sarasota, FL 34242
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1021 Crescent St
    Sarasota, FL 34242
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1021 Crescent St Sarasota, FL 34242
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Zain Hartman
    Real Estate License ID: 3410066
    (941) 735-6415
    Learn more
    Google sign-in failed. Please try again or use another login method.